BCL Industries has emerged as one of the standout multibagger stocks in the Indian stock market, delivering an impressive 450% return over the last five years. In the post-Covid rebound, the FMCG stock has surged from ₹3.12 apiece to nearly ₹59.40 apiece, providing a remarkable 1800% return to long-term investors in the past three and a half years. Despite this substantial growth, it appears that there is still upward potential for this multibagger stock.
Today, BCL Industries’ share price opened at ₹55.73 apiece on the NSE and quickly reached an intraday high of ₹59.40 per share within the first few minutes of the stock market’s opening. This surge propelled the multibagger FMCG stock to a new all-time peak, defying the choppy sentiments on Dalal Street.
Over the last month, the stock has risen from around ₹52.13 per share to ₹59.40 apiece on the NSE, marking a more than 10% increase in this period. In the past six months, the FMCG stock has experienced significant growth, moving from nearly ₹45.90 to ₹59.40 per share, reflecting a substantial 25% appreciation. Year-to-date, BCL Industries shares have surged by nearly 80%, while the remarkable 450% rise over the last five years highlights its multibagger status.
BCL Industries’ Q2FY24 Results
In the quarter from July to September 2023, the FMCG company reported a robust performance. Total income witnessed a growth of over 10% QoQ, reaching ₹368.63 crore compared to ₹334.82 crore in the first quarter of the current financial year. Revenue from operations also grew by 10%, increasing from ₹333 crore to ₹366.30 crore during this period. However, on a YoY basis, the total income dropped from ₹427.74 crore, and revenue from operations decreased from around ₹425 crore in the corresponding period of the previous fiscal year.
BCL Industries recorded a net profit of ₹12.84 crore in Q2 FY 2023-24, reflecting an impressive 126% YoY rise compared to ₹5.66 crore in the corresponding period of the previous financial year. Despite this remarkable annual growth, the net profit showed a sequential decline from ₹15.20 crore to ₹12.84 crore.
BCL Industries announced its Q2 results on November 10, 2023.